Episode 74
- Marisa Palmieri Shugrue
- Mar 31, 2022
- 1 min read
Updated: Apr 5, 2022
March 31, 2022
Topic: Terminix/Rentokil Update: An Exclusive Sit-Down with John Myers
Guest: John Myers, President & CEO, Rentokil North America
In this episode we discuss:
An update on the blockbuster deal announced in December for Rentokil to acquire Terminix for $6.7 billion
John's background and responsibilities at Rentokil
What the deal means to John personally
When the deal is expected to close and the other hurdles it must clear (Rentokil shareholder approval, Terminix shareholder approval and SEC approval)
John's take on the biggest challenges the companies will face as they integrate
What impresses him about Terminix and why he says it's a good culture fit
The strategy for the keeping the various brand names in the portfolio
Rentokil's plan for integrating Terminix's franchisees
What Rentoki's M&A approach will be going forward
John's take on valuations and how higher interest rates may play a role
John's five pieces of advice for pest control operators who want increase the value of their business
What's next for John personally
Resources mentioned:
"Terminix is one of the best-known residential brands in the U.S. It's our strategy to keep that brand and leverage its strength to grow faster." —John Myers, President & CEO, Rentokil North America
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